Tag Archives: hedge fund

Hedge Fund Returns up 0.17% in October – Early Estimates

HedgeCo.Net (New York) – Early estimates indicate the Credit Suisse/Tremont Hedge Fund Index will finish almost flat with a +0.17% return in October. Hedge funds had a slightly positive month overall with a widening dispersion of returns among strategies, based […]

Dreier Fraud Case Leads to Guilty Plea by Ex-SEC Lawyer Miller

Bloomberg – Robert L. Miller, once an attorney at the U.S. Securities and Exchange Commission, pleaded guilty to federal charges that he helped imprisoned New York law firm founder Marc Dreier defraud hedge funds. Miller, the third person to plead […]

Hedge fund scam suspect in on the run in Mumbai: FBI

Business Standard – Deep Shah, an Indian-origin suspect in the largest ever hedge fund scam in the US is on the run and is believed to be in Mumbai, federal authorities have said. Shah, 27, and Gautam Shankar, 35, were […]

Ernst & Young survey hedge funds moving swiftly for investors demand

Channel News Asia – A survey by accounting firm Ernst & Young has found that the global downturn is forcing hedge fund managers to respond swiftly to investors’ demands. The survey of 100 of the world’s largest hedge funds notes […]

UK Tsy’s Myners Calls For Onshore Hedge Fund Regime

WSJ – The U.K. should develop a viable onshore regulated hedge fund industry, Paul Myners, the U.K. Treasury’s financial services secretary, said Monday. Myners said he endorsed the findings of a government-sponsored report on the future of the U.K. asset […]

NY jurors to get case at hedge trial

AP – The case of two former Bear Stearns hedge fund managers charged with lying to investors is moving into the final stages. Deliberations were expected to begin Monday at the Brooklyn trial of Ralph Cioffi and Matthew Tannin. They’ve […]

Citigroup Eyes Relaunch of Hedge Fund Unit, Report Says

NYT – Citigroup is preparing to relaunch its hedge fund business operations, after months of debate on the unit’s future, The Financial Times reported. The move comes after two years of performance problems and investor unrest at the unit, Citi […]

Hedge Fund Registration is Likely to be Required by the End of 2009 – How to Prepare Your Fund

New York (HedgeCo.net) – There are currently several proposals on the floor of Congress that would affect the future of hedge fund regulatory requirements. The proposals call for increased transparency and accountability of hedge funds in a governmental mission to […]

Activist hedge fund TCI closes down in Asia

Reuters – Activist investor, The Children’s Investment fund (TCI), has closed down in Asia following the departure of its regional head earlier this year, sources familiar with the matter said on Tuesday. The UK-based fund had approached other global hedge […]

Galleon’s switch to cash may ease redemptions

The assets of Galleon Group have not been frozen by the US authorities and there should be no hold up in returning money to investors, a source familiar with the matter said. More than 90 per cent of the funds […]

Hedge Fund Expert To Launch a Quant Equity Market Neutral Fund

New York (HedgeCo.net) –CEO at QuantZ Capital Management, Milind Sharma, is in the process of launching his own hedge fund, sources say. The hedge fund manager is reportedly in talks to raise $500 million for the QuantZ Quark Market Neutral […]

Ad Salesman-Turned-Hedge Manager at Center of Loss

Bloomberg – Helmut Kiener went from selling advertising for telephone books and getting paid by the ad to starting a German hedge-fund firm that would eventually make bets using millions borrowed from such banks as Barclays Plc, JPMorgan Chase & […]